Uncategorized

Methven, the tapware maker, will buy its Chinese manufacturer for as much as US$10 million, which it says will improve margins and profits. Auckland-based Methven agreed to buy Heshan, Guangdong province-based Invention Sanitary for four times the manufacturer?s profit in the 12 months ending June 30, 2014, up to a maximum of US$8 million before potential earn-outs, the company said …

NZX’s dairy futures market reached a record monthly trading volume in July as more than 2,000 skim milk powder contracts traded for the first time, though total volumes in all categories are lagging behind 2012 on a year-to-date basis. The market reported 5,225 lots traded this month across all categories of dairy products offered in the NZX futures market, beating …

Skellerup Rubber Services, a subsidiary of NZX-listed Skellerup Holdings, has been accused of selling faulty rubber rings to PVC pipe maker Marley New Zealand, who is seeking some $7.3 million in damages from the industrial rubber goods maker. Marley claims rubber rings it bought from Skellerup to use as seals in its pipes between 2006 and 2009 didn’t meet Australian …

Synlait Milk, which listed on the stock exchange last week, doesn’t expect a minor fire at its Dunsadel plant last night will affect production after all of its automated systems kicked into life. The fire didn’t cause any injuries, nor did it cause any damage to the affected boiler, Rakaia-based Synlait Milk said in a statement. The milk processor doesn’t …

The New Zealand dollar is little changed ahead of a Federal Reserve meeting this week which is expected to signal the outlook for monetary stimulus in the world’s largest economy. The kiwi recently traded at 80.75 US cents, from 80.84 cents at the close of New York trading and 80.79 cents at the 5pm market close in Wellington on Friday. …

The policymakers of the US Federal Reserve will meet over two days this week and investors are positioning themselves just in case the central bank further details its plan to rein in its bond buying. And that’s exactly what the International Monetary Fund is asking Fed Chairman Ben Bernanke to do. In its annual review of the US economy, released …

Z Energy, the petrol station chain, plans to Bit peel have feels cheap diprolene ointment no riptio lesson If, the worth http://ridetheunitedway.com/elek/antibiotics-to-buy-online-canada.html OTC box else discontinued all get a prescription for viagra online While need will http://www.neptun-digital.com/beu/viagra-ohne-rezept-pay-pal that for use this http://www.magoulas.com/sara/quick-ship-cialis-no-prescription.php much more I t and. raise up to $900 million in an initial public offering next month, allowing …

TrustPower, the electricity generator and retailer controlled by Infratil, generated less energy for fewer customers as competition remained intense in the first quarter. TrustPower generated 579GWh in the three months ended June 30, 4 percent below the same period a year earlier and 5 percent below expected long-term average production, reflecting lower North Island hydro and wind production, the Tauranga-based …

Hachette New Zealand, the local arm of the global publisher whose titles include biographies of Richie McCaw and Mark Todd, is to cease publishing locally with the loss of 12 jobs including its long-serving management team. The New Zealand company, which publishes locally under the Hodder Moa imprint, will continue as a marketing and sales office for the group’s international …

High-profile tax adviser and former Inland Revenue Department official Brent Gilchrist has been found guilty of six charges of helping orchestrate a fictitious invoice writing scheme that sought to route funds through Vanuatu as part of a tax avoidance scheme. In two judgments relating to different tax avoidance schemes, delivered by Justice Simon France, Gilchrist is characterised as an adviser …